The stock of Coty Inc (NYSE:COTY) is a huge mover today! About 14.25 million shares traded hands or 278.99% up from the average. Coty Inc (NYSE:COTY) has declined 17.49% since February 29, 2016 and is downtrending. It has underperformed by 29.70% the S&P500.
The move comes after 6 months positive chart setup for the $8.20B company. It was reported on Oct, 3 by Barchart.com. We have $38.05 PT which if reached, will make NYSE:COTY worth $4.84 billion more.
Analysts await Coty Inc (NYSE:COTY) to report earnings on November, 3. They expect $0.33 earnings per share, down 44.07% or $0.26 from last year’s $0.59 per share. COTY’s profit will be $113.08 million for 18.13 P/E if the $0.33 EPS becomes a reality. After $0.13 actual earnings per share reported by Coty Inc for the previous quarter, Wall Street now forecasts 153.85% EPS growth.
Coty Inc (NYSE:COTY) Ratings Coverage
Out of 8 analysts covering Coty (NYSE:COTY), 1 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 13% are positive. Coty has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained the shares of COTY in a report on Friday, August 14 with “Hold” rating. As per Tuesday, August 18, the company rating was downgraded by Zacks. The stock of Coty Inc (NYSE:COTY) has “Hold” rating given on Thursday, August 27 by JP Morgan. The firm earned “Sell” rating on Friday, September 9 by Berenberg. The firm has “Neutral” rating given on Monday, April 18 by Bank of America. The stock has “Buy” rating given by Deutsche Bank on Friday, November 6. On Tuesday, September 1 the stock rating was initiated by Morgan Stanley with “Equal Weight”. The stock of Coty Inc (NYSE:COTY) earned “Underweight” rating by Morgan Stanley on Monday, November 30. The stock of Coty Inc (NYSE:COTY) earned “Sell” rating by B. Riley & Co on Friday, August 14. Citigroup maintained the stock with “Neutral” rating in Thursday, August 25 report.
According to Zacks Investment Research, “Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company’s brand consists of adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels. Coty Inc. is headquartered in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.27, from 0.81 in 2016Q1. The ratio dropped, as 35 funds sold all Coty Inc shares owned while 61 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 57.07 million shares or 2.17% more from 55.85 million shares in 2016Q1.
Meeder Asset Management has invested 0.04% of its portfolio in Coty Inc (NYSE:COTY). Citigroup owns 167,998 shares or 0% of their US portfolio. Geode Mngmt Limited Liability holds 433,456 shares or 0.01% of its portfolio. Moreover, Jane Street Gp Ltd Liability has 0% invested in Coty Inc (NYSE:COTY) for 22,535 shares. Moreover, Jefferies Limited Liability Corp has 0.13% invested in Coty Inc (NYSE:COTY) for 1.08 million shares. Blackrock Advsrs Ltd Co has 28,280 shares for 0% of their US portfolio. Cubist Systematic Strategies Lc accumulated 24,069 shares or 0.04% of the stock. Fund Mngmt holds 0.01% of its portfolio in Coty Inc (NYSE:COTY) for 27,325 shares. Ahl Partners Limited Liability Partnership last reported 0.22% of its portfolio in the stock. Teachers Advsr holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 40,689 shares. Federated Invsts Pa has invested 0% of its portfolio in Coty Inc (NYSE:COTY). Msd Partners L P owns 2.68 million shares or 4.54% of their US portfolio. Epoch Investment last reported 0% of its portfolio in the stock. Canada Pension Plan Investment Board accumulated 0% or 21,095 shares. The Pennsylvania-based Mycio Wealth Prns Ltd Liability has invested 0% in Coty Inc (NYSE:COTY).
Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 1 sale for $73.35 million net activity. 3,983 Coty Inc (NYSE:COTY) shares with value of $107,629 were sold by Froidefond Sebastien. Another trade for 225,000 shares valued at $6.53M was made by JAB Cosmetics B.V. on Friday, August 12.
More recent Coty Inc (NYSE:COTY) news were published by: Businesswire.com which released: “Coty Completes Merger with P&G Specialty Beauty Business” on October 03, 2016. Also Seekingalpha.com published the news titled: “A Look At The Procter And Gamble Company And Coty, Inc. Exchange Offer” on September 23, 2016. Prnewswire.com‘s news article titled: “Coty Appoints Publicis Media as Its Lead Agency Globally” with publication date: September 16, 2016 was also an interesting one.
COTY Company Profile
Coty Inc., incorporated on January 20, 1995, is a beauty company. The Firm operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Firm sells products in each of its divisions through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers. It sells a range of its products through travel retail sales channels, including duty-free shops, airlines, cruise lines and other tax-free zones. In addition, the Company sells its products through the Internet over its retail partners’ e-commerce sites and through online retailers, and the Company sells its philosophy products through philosophy-branded Websites and through direct marketing through television. The Firm operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia).
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